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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Shocking claim that one-in-50 London homes is a short let

New research claims that one in every 50 homes in the capital is let on a short-term platform like Airbnb or similar.  London Councils, a cross-party group...

Labour council wants city-wide licensing and possible £12m windfall

Another Labour council wants to introduce a city-wide landlord licensing scheme - a proposal that would require government approval to implement. Last week controversy raged around the...

HMOs increasingly popular in lettings market despite complexity

The latest lettings market snapshot by mortgage lender Paragon has found that of the landlords planning to purchase property in the next 12 months, nearly a...

Dawn raids on rental properties as part of licensing crackdown

Officers from a local council simultaneously staged 10 dawn raids on properties owned by unlicensed landlords. All the terraced homes, in Slough, were owned by the same...

One in five landlords to invest in buy to let on 2020 - claim

A mortgage firm claims some 22 per cent of existing lettings sector investors plan to buy at least another one lettings property this year. The most popular...

Defunct online lettings agency had three possible buyers before closure

It’s been revealed that Upad, the lettings agency which closed at short notice in October last year, had three prospective buyers waiting in the wings shortly...

Short lets supporters push back against possible restrictions

The new body representing short let digital platforms like Airbnb and the large number of associated companies that have sprung up around this sector, is voicing...

Agent defends HMO scheme after “greedy” accusation

An agent acting on behalf of a landlord has defended a bid for retrospective planning permission, but a Labour councillor has branded the move “greedy”. The Reading...

Huge £18,000 penalty for landlord who failed to improve property

A landlord in one of the most scenic parts of Devon had been served with a £18,000 civil penalty because he failed to do work demanded...

Short lets firm that had advertisement banned changes its name

A London company that has previously had an ad banned by the Advertising Standards Authority has announced a change of name. The company Airsorted - which manages...

Another tax hike on its way for the lettings industry?

An accountancy trade body is warning of another possible tax hike to hit the lettings industry. The Association of Accounting Technicians is warning that landlords who have...

New platform helps agency staff quit and set up own companies

A new lettings platform claims it can help existing agents and staff working for companies quit and fulfil their dream of setting up their own operations. Chelmsford-based...

Big drop in homes on lettings market, reports Zoopla

New investment in private rented housing has fallen since 2016 as some private landlords have dipped out of the sector in response to tax changes and...

Veteran agent named as new ARLA Propertymark president-elect

ARLA Propertymark has named Angela Davey as president elect, following Richard Selwyn stepping down last year due to personal circumstances. Davey has 30 years’ experience in the...

New acquisition means branch has become largest in national agency

The Gainsborough branch of Martin & Co has become the largest single office within the national agency thanks to a fifth acquisition in eight years. The franchise,...

Newspaper’s amazing call for massive landlord licensing scheme

A newspaper in Liverpool has sharply criticised the government for refusing to allow the city council to continue a huge landlord licensing scheme it had operated...

'Failed' HMO licensing scheme criticised for short consultation period

A trade body has come out against a council’s HMO licensing scheme, claiming that its consultation period was too short - and may have breached guidelines. Cardiff...

Agency reveals 30% rise in turnover after expanding into Build To Rent

Manchester lettings agency Ascend says it’s had a record year in 2019, bolstered by its new Build To Rent involvement. The company achieved a turnover of £3.4m...

safeagent announces new ‘qualified’ designation for agents

Accreditation body safeagent has announced a new designation for lettings and management agents who successfully pass its NCFE accredited courses. The designation - ‘safeagent qualified’ - has...

Banning Orders could rise this year after councils win extra cash

Councils that have been awarded additional cash injections by government could use their windfalls to enhance their enforcement of the private rental sector - with more...

Average rent still hovering just below the £1,000 pcm level

The average cost of a rental home in Great Britain rose to £999 pcm in December according to figures just released by Countrywide’s Hamptons International brand.   This...

Acquisition of independent agency is fourth by franchise firm

The Widnes branch of franchise firm Martin & Co has grown its business by almost a quarter after acquiring a local independent agent. It’s taken on almost...

Tenant wins £18,000 in first-of-its-kind tribunal decision

A tenant is thought to be the first ever to have been awarded damages under new Scottish lettings legislation. Dambaru Baral was awarded £18,000 by the First-tier...

Millennials Rejoice! You’re paying less rent than before…

Research from Hamptons International suggests that millennials are paying a lower proportion of the total rental burden in Britain than a year ago - because more...

Airbnb landlords should pay business rates, says council

A council is lobbying the government to ask for landlords using Airbnb and other short let platforms to be charged business rates. The move would be to...

Brexit and tax are key worries for buy to let investors in 2020

A new survey suggests there may be an exodus of investors out of buy to let - some 27 per cent say they may no longer...

Big fall in Build To Rent investment but backers insist future is bright

Investment into the purpose-built Build To Rent sector in the UK dropped significantly last year. Some £273.8m was invested in the fourth quarter of last year bringing...

Clampdown on short lets may lead to landlords selling rental units

A leading agency in a part of the UK where local government wants to clamp down on the spread of Airbnb is warning that the situation...

Anti-agent campaign group set to almost double in size

A campaign group that has held protests outside letting agents’ branches and has been fiercely critical of fees, says it’s seen a glut of new members. Acorn -...

Rent takes 75% of income in some areas, admits agency

A lettings agency admits that the proportion of net income required to cover rent has hit 75 per cent in some places. Benham and Reeves says the...

Repossession court delays - lettings industry worries grow

London courts are failing to cope with the volume of landlord repossession cases according to a trade body. New figures show the average length of time from...

Student specialist lettings agency enjoys record business

Specialist letting agency and property management company Student Housing has had its busiest quarter, it says. The Lincoln-based agency added 30 new properties to its portfolio between...

Another New Rental Law: mandatory electric checks this year

It looks almost certain that agents and landlords must ensure electrical installation inspections and testing are carried out for all new tenancies in England from July...

Disgraced agency boss disqualified over deposit scandal

A lettings management boss has been disqualified for six years after failing to safeguard over £68,000 worth of tenants’ deposits. Kelly Louise Forrester was appointed director of Exeter-based...

Shelter’s latest attack on private rental sector rejected by industry

There’s been an angry response by the rental sector following the latest attack by campaigning charity Shelter. The organisation claims that private tenants have fallen ill because...

Labour outrage at licensing scheme extension being rejected

The fallout continues over the government’s shock refusal to allow Liverpool council to continue its huge landlord licensing scheme. Yesterday we reported that Housing Secretary Robert Jenrick declined...

Many tenants unable to afford rent despite allowance reform

Plans to end the freeze on housing benefits will still leave many tenants unable to afford rent say landlords. Following the announcement that from April the Local...

Industry delight at government rejection of licensing extension

Housing Secretary Robert Jenrick has rejected a bid by Labour-controlled Liverpool council to extend its licensing scheme for five years. Government approval is needed for schemes which...

Labour council to set up agent review service with cash windfall

A council getting government cash for rental enforcement is using it to introduce a review service allowing tenants to comment on agents and landlords. Labour-controlled Nottingham council...

Buy To Let league table reveals where demand is strongest

A rental management platform has compiled a league table of where tenant demand is strongest for homes to let - and the results are not as...

Lettings book acquisition leads to new franchise branch opening

Martin & Co’s Ashford branch is opening a new office just outside the Kent town following a deal to acquire a rival firm’s lettings book. Martin &...

New carbon monoxide lettings rules set to be adopted by Assembly

The Welsh Government says new regulations are to be introduced to combat carbon monoxide poisoning. The regulations will require landlords and their agents to install working carbon...

Airbnb trying to tempt landlords seeking higher yields - claim

A leading property industry figure says Airbnb is attempting to persuade traditional buy to let landlords into going down the short-let route to get potential high...

Council to spend £250,000 of public cash setting up lettings agency

Durham county council wants to spend just over £250,000 setting up a lettings agency to place tenants with private landlords. The authority says it wants to use...

Defunct online agency snapped up by PropTech rival

A trade magazine is reporting that online lettings agency Upad has been bought out by a PropTech platform. The Negotiator says Howsy has bought former rival Upad and...

Property ‘guardian’ firm found guilty - now trading under new name

A company that slots temporary tenants into properties that it manages has been found guilty of 15 charges connected with Homes in Multiple Occupation. Camelot Guardian Management...

Poor communication still chief cause of check-out disputes

Poor communication remains the chief reason for disputes between agents, landlords and tenants at check-out time according to the latest research. A study by deposit alternative scheme...

Agents Beware: new anti-money laundering rules kick-in today

It’s here - the Fifth EU Money Laundering Directive comes into force today with significant challenges and implications for letting agents. The new rules apply from the...

Airbnb Under Attack: campaign grows to regulate short lets

Politicians from several parties say they want their local council in Bristol to have the powers to regulate the number and types of Airbnb and other...

Activists protest outside agency demanding it ‘sacks’ landlord client

A protest has been held outside a lettings agency in Manchester by tenants demanding that the firm ‘sacks’ one of its client landlords. The protest is reported...

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